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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Kinderhook Bank Corp. (OTCMKTS: NUBK) to Community Bank System, Inc. (NYSE: CBU). Under the terms of the transaction, Kinderhook shareholders will receive $62 per share.
The Kinderhook merger investigation concerns whether the Board of Kinderhook breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Omega is underpaying for Kinderhook shares, thus unlawfully harming Kinderhook shareholders.
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